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California, Dykes finalize $9.7M, five-year deal

Published on NewsOK
Modified: March 1, 2013 at 9:09 pm •
Published: March 1, 2013

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If Cal makes the Rose Bowl, Dykes earns a $60,000 bonus. He gets $50,000 for taking the Bears to any other BCS bowl. Dykes also would receive a 40,000 bonus for making the Alamo Bowl and $30,000 for the Holiday Bowl. He gets $25,000 for getting to any bowl game.

Should the university dismiss Dykes before Dec. 31, it would owe him $3.75 million. Cal would be obligated to pay Dykes $3 million if it relieved him before Dec. 31, 2014, and the amount continues to decline by $750,000 for each year before his deal is done.

Dykes has a buyout option for the same amount each year he stays at Cal, starting at $3 million this year, $2.5 million next year, $2 million in 2015, $1 million in 2016 and $750,000 in 2017. The money would need to be paid by either side within 60 days of the contract's termination.

There are also academic-based bonuses, including $23,000 each for an annual team grade-point average above 3.0, an Academic Progress Rate greater than 980 and a Graduation Success Rate better than 90 percent. Dykes would get $20,000 each for a GPA above 2.85, APR above 970 and GSR better than 80 percent. He'd earn $10,000 each for a GPA above 2.7, APR above 20,000 and GSR better than 70 percent.

Dykes also will be entitled to four premium season tickets in addition to the number he is allowed under departmental policy, and five parking passes to all home games. He will receive a membership to Claremont Country Club for the duration of his contract, and the university also is expected to pay for his moving costs.